FirstBuild, a global co-creating community by GE Appliances, recently signed a Memorandum of Understanding (MOU) with the state of Telangana and prototyping centre T-Works to establish FirstBuild India in Hyderabad.

The $5-billion Videocon Group is dipping into its oil and gas assets to tide over its debt. The group needs to hurry up and find other ways to financially support its new ventures - or get ready to sell more oil and gas assets, if the economy does not pick up.

Over the last decade, Dutch giant Philips has been making a marked shift away from its heritage of incandescent bulbs, radios and televisions. Gerard J. Kleisterlee, President and CEO, tells BT’s Rahul Sachitanand why the re-invention was necessary and what the firm’s new plans are.